By Evan Vitale
Happy President’s Day!
Let’s see what stories are making headlines over the past week in the world of venture capital.
Singapore, nicknamed the “little red dot,” is eyeing a sliver of Silicon Valley’s pie, aiming to attract venture capitalists to grow a stable of start-ups in the regional financial hub.
Earlier this week, the Monetary Authority of Singapore (MAS) introduced proposals to simplify the authorization process for venture capital funds.
Under the current regulatory framework, managers of venture capital funds are treated like other fund managers.
The story, reported by CNBC, can be found here: http://cnb.cx/2kXBMpx
Meanwhile, TechCrunch has an interesting piece on “The value of venture capital investors and the importance of physical infrastructure.”
On the back of the news that Wing Venture Capital has closed its second fund, to the tune of $250 million, venture capital is once again under the spotlight.
At the end of November, the U.K. government also focused heavily on the industry as part of its Autumn Statement, with plans to invest £2 billion into science and tech innovation, as well as a plan to invest £400 million via the British Business Bank into VC funds for growth capital. Interestingly, the U.K.’s Autumn Statement was also laced with new funds and investment strategies around infrastructure.
And, if you’re looking for a good explanation of “what is venture capital” then you should check out a new article by USA Today College: http://usat.ly/2m1Oqof
Have a great week!